Canadian companies are under increasing pressure to modernize while contending with rising cyber threats, economic uncertainty and a rapid push toward artificial intelligence, according to the recent 2025 IT Trends Report from NOVIPRO Group and Leger.
The annual report, based on a survey of business decision-makers across industries and provinces, highlights a widening gap between digital advancement and cybersecurity preparedness, particularly in relation to insurance coverage.
The findings suggest that while many businesses are prioritizing digital transformation, a significant number are doing so without key safeguards, including cyber insurance.
According to the report, 81% of companies in Canada plan to make major technology investments over the next two years, with nearly one-third intending to invest in AI. Among those planning AI investments, more than half cite productivity gains as the primary goal.
At the same time, cyber incidents are on the rise. The report shows that 30% of respondents experienced a cyberattack in the past year, the highest level reported in five years. Despite this, 28% of companies have not implemented cybersecurity training for employees, and only 27% hold cyber insurance policies.
Security and budget limitations have now emerged as the top challenges facing Canadian businesses, reflecting the trade-offs organizations are making between risk mitigation and cost control.
“This year's data shows Canadian companies are caught in a perfect storm—under pressure to innovate and secure their operations, but with fewer resources and rising external risks,” said Alain Cormier, CEO of NOVIPRO Group. “AI, cloud, and cybersecurity are converging into a new kind of digital arms race—and companies need a plan.”
The report also points to a growing need for risk transfer strategies, such as insurance, alongside investments in digital tools and workforce readiness. As cyber threats evolve, insurers and clients alike may need to reassess how coverage and risk prevention are addressed in tandem with technology adoption, according to the report.
